Hunan withdrawal from MOU

Thor Mining PLC
26 April 2007

THOR MINING PLC



                            HUNAN WITHDRAW FROM MOU


Dated: 26 April 2007



Thor Mining PLC, AIM, ASX: 'THR' ('the Company' or 'Thor'), the specialist
metals company focused on advancing tungsten-molybdenum and uranium projects in
the Northern Territory of Australia, has today received written notification
from Hunan Nonferrous Metals Holding Group Co Ltd ('Hunan') that they will not
participate in the development of the Molyhil Tungsten-Molybdenum Project ('
Molyhil'). Hunan gave no indication of the reasons for their actions. This
notice effectively terminates the Memorandum of Understanding and the
exclusivity agreement signed with Hunan in March this year.



The Company has executed Confidentiality Agreements with several other parties
who have been awaiting a decision from Hunan before being able to proceed to
full due diligence. Thor will immediately accelerate discussions with these
parties and anticipates a fresh series of due diligence to commence shortly.



The Company has requested a trading halt in its shares and warrants on the
Australian Stock Exchange (the 'ASX') pending the release of this announcement
on the ASX. The announcement will be released on the ASX prior to the start of
trading tomorrow, Friday 27 April 2007.



Enquiries:


John Young          + 61 (0)419 954 020  Thor Mining PLC                     Chief Executive
                                                                             Officer

John Simpson        020 7512 0191        ARM Corporate Finance Ltd           Nominated Adviser


Leesa Peters        020 7429 6600        Conduit PR Limited                  Public Relations

        or

Jos Simson          020 7429 6603


Nicolas Read        + 61 (0) 8 9388 1474 Read Corporate                      Public Relations/
                                                                             Australia




Updates on the Company's activities are regularly posted on Thor's website
www.thormining.com, which includes a facility to register to receive these
updates by email.


                      This information is provided by RNS
            The company news service from the London Stock Exchange